ECB Upbeat about Recovery, Resorted to Verbal Warning of Strong Euro
ECB left all the monetary policy measures unchanged in September. The staff upgraded the near-term growth outlook, as well as core inflation forecasts for 2021 and 2022, suggesting the central bank’s optimism over the recovery. Policymakers continued to stress that...
Goldman now sees a 35% jump in Q3 GDP, much higher than the rest of Wall Street
A person wears a protective face mask while carrying grocery bags outside Trader Joe’s on August 11, 2020 in New York City. Noam Galai | Getty Images Goldman Sachs economists said they see third quarter GDP growth tracking at 35%,...
Alan Greenspan lists inflation and the budget deficit as his biggest concerns
Former Federal Reserve Chairman Alan Greenspan said his biggest economic concerns in the U.S. are inflation and the budget deficit. “My overall view is that the inflation outlook is unfortunately negative and that’s essentially the result of entitlements crowding out...
‘Pay later’ products take off this year as PayPal, Microsoft allow customers to delay the bill
Visitors play video games at the Xbox stand during 2020 China International Cartoon and Game Expo (CCG Expo) at Shanghai World Expo Exhibition and Convention Center on July 16, 2020 in Shanghai, China. Zhou You | Visual China Group |...
ECB Research: No Indication of Change in Policy Stance Coming
The outcome of the ECB’s monetary policy meeting was in line with expectations. The ECB conveyed a confidence in its narrative of a recovery, notably in the manufacturing sector, while the language on inflation was not alarming, despite continued low...
Euro Jumps on ECB’s Optimism Over Economic Recovery, Inflation and No Significant Reaction on High Exchange Rate
The Euro surged to one-week highs on comments from ECB President Christine Lagarde in the press conference after the central bank kept the policy unchanged. The ECB’s remarks about key points were mainly within market expectations that offered fresh boost...
Weekly jobless claims miss estimates as employment gains taper
Weekly jobless claims were worse than expected last week amid a plodding climb for the U.S. labor market from the damage inflicted by the coronavirus pandemic. The Labor Department on Thursday reported 884,000 first-time filings for unemployment insurance, compared with...
EURJPY Surpasses 126.00 Key Level with Strong Momentum
EURJPY stretched its two-day rally above the 40- and 100-period simple moving averages (SMAs) moving towards the 126.00 handle. The stochastic seems to be losing momentum below the overbought territory, the RSI is pointing north in the positive area and...
U.S. producer prices beat expectations in August
A worker assembles footballs at the Wilson Sporting Goods facility in Ada, Ohio, on Thursday, Sept. 3, 2020. Maddie McGarvey | Bloomberg | Getty Images U.S. producer prices rose a bit more than expected in August as the cost of...
Euro Surges as ECB Gives No Red Light to Appreciation
Euro jumps notably as ECB insist that it doesn’t target the exchange rate, despite recent appreciation, suggesting that they’re still comfortable with the current level. The common currency also takes Swiss Franc higher with it. On the other hand, Sterling...
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